BitcoinBTC, ethereum and other major cryptocurrencies have rocketed into 2023, soaring despite growing fears the U.S. could be waging a “quiet” war on crypto.
The bitcoin price topped $25,000 per bitcoin, up 50% since the beginning of the year, helping to boost the ethereum price and adding over $100 billion to the combined crypto market—including BNBBNB, XRPXRP, cardano, dogecoin, polygon and solana.
Now, the cofounder of bitcoin and crypto exchange Gemini, Cameron Winklevoss, has issued a “bull run” price prediction—warning the U.S. can either “embrace [crypto] or be left behind.”
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“My working thesis [at the moment] is that the next bull run is going to start in the East,” Winklevoss, who founded the New York-based bitcoin and crypto exchange Gemini with his twin brother Tyler, posted to Twitter.
Cameron Winklevoss made his bitcoin price prediction just hours before Hong Kong’s securities regulator announced plans to allow retail investors to trade bitcoin, ethereum and other major cryptocurrencies.
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“Any government that doesn’t offer clear rules and sincere guidance will be left in the dust. Quickly,” Cameron Winklevoss said. “This will mean missing out on the greatest period of growth since the rise of the commercial internet. And it will mean missing out on shaping and being a foundational part of the future financial infrastructure of this world (and beyond).”
Last week, Singapore-based DBS revealed its crypto trading volume almost doubled in 2022.
“The increase in trading volume on DBS’s digital asset platform is a reminder that any government, even the U.S., that does not offer clear guidance could potentially be left behind in the fourth industrial revolution,” Marcus Sotiriou, market analyst at digital asset broker GlobalBlock, wrote in an emailed note.
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